Suppose the market in Figure 9.4 is currently in equilibrium. If the government establishes a price floor of $50, how many widgets will be sold?

Wealth consists ultimately of

A) gold. B) land. C) money. D) whatever people value.

A judicial system for resolving disputes creates benefits even for people who never use it because

A) people are compelled to obey court decisions whether they want to or not. B) judicial decisions generate uniform rules, which everyone can count on. C) silence gives consent. D) the social contract entitles everyone to share in the benefits from goods produced by government.